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Saudi fintech barq becomes unicorn with $329.5mn Series A
Saudi fintech company Barq has closed a $329.5 million Series A funding round at a $1.85 billion valuation, officially joining the “unicorn club,” according to a LinkedIn post by Zain Farooq, Managing Director of Barq PK, the company’s Pakistan arm. The round saw participation from Noon Investment, Sohar International Bank and M20 Fund, Farooq said, adding that it gives the company “fresh momentum for the next phase of growth in Saudi Arabia and beyond.” According to Farooq, Barq has processed more than SAR 440 billion (roughly $117 billion) for over 15 million users across more than 210 natio...
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